| David
Weekley, CEO of Houston-based David Weekley Homes, is one of the country's largest
home builders and also the author of a new book, How to Buy a Home Without Getting
Hammered. Based
on 25 years of home-building experience for 30,000 people, Weekley offers these
10 biggest mistakes in home buying: Not
doing your homework. Knowledge is power. Tremendous information is available on
the Internet. There is no excuse for entering the market unprepared. Trying
to make a shrewd investment. People need to buy based on what fits their family.
Don't try to guess what will happen to the market. Choosing
a poor location. Even within a neighborhood, location matters. Is it on the busiest
street? Is there a shopping center out the back window? Overlooking
an inferior floor plan for an attractive exterior. It may have gorgeous curb appeal,
but you don't live on the lawn. No matter how attractive the exterior, you need
a livable home. Overlooking
how the house will function for your family. How do you really live? Do you really
need a formal dining room and living room? Would you be happier with an eat-in
kitchen and a great room and a den to use as a home office? The house only needs
to fit one family -- yours. Not
having the home properly inspected in a resale. This is not the time for surprises.
Get an inspection from a qualified, respected professional. Not
checking out the builder's reputation on a new home. Talk to three or four people
who live in the builder's homes and see what they have to say. If one builder
did all the houses in a neighborhood, talk to the residents and get their input.
(It's also a great way to see what your neighbors would be like.) Article
continued at http://www.bankrate.com/brm/news/mtg/20010322b.asp?page=default
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